USD/CAD may fall 3 - 18 pips

Pivot

1.3830

Our preference

Short positions below 1.3830 with targets at 1.3810 & 1.3795 in extension.

Alternative scenario

Above 1.3830 look for further upside with 1.3840 & 1.3860 as targets.

Comment

As long as the resistance at 1.3830 is not surpassed, the risk of the break below 1.3810 remains high.

Supports and resistances

1.3860

1.3840

1.3830

1.3813 Last

1.3810

1.3795

1.3780

Number of asterisks represents the strength of support and resistance levels.